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HomeMy WebLinkAboutBy-law 4459/94 THE CORPORATION OF THE TOWN OF PICKERIN0 BY-LAW NO, 4459/94 Being a by-law to authorize the execution of a Subdivision Agreement respecting the development of Part Lot 18, Concession 2, Pickering (The Durham Region Roman Catholic Separate School Board 18T- 87079 [part]). WHEREAS, the proposal to subdivide and register a plan of subdivision of part of Lot 18, Concession 2; Picketing, has been approved by the Ontario Municipal Board (O.M.B. File S900009) as Draft Plan 18T-87079, subject to several conditions, one of which requires the entering into of a satisfactory Subdivision Agreement with The Corporation of the Town of Picketing, pursuant to the provisions of the Planning Act, R.S.O. 1990, chapter P. 13 section 51 (6) and NOW THEREFORE, the Council of the Corporation of the Town of Picketing HEREBY ENACTS AS FOLLOWS: 1. The Mayor and Clerk are hereby authorized to execute a Subdivision Agreement in the form attached hereto as Schedule A, between The Durham Region Roman Catholic Separate School Board and The Corporation of the Town of Picketing, respecting the development of part of Lot 18, Concession 2, Picketing (Draft Plan 18T-87079 [part].) BY-LAW read a first, second and third time and finally passed this 27th day of June, 1994. Wayne Ar~-h urs,~~ ~ Clerk TO'~VN ~ .: PIC'.qE-':' ' ; APPii2~ ,il) AS TO FORM LEGAL DEP'¥, SCHEIJjI_,E A THIS SUBDIVISION AGREEMENT made June 27, 1994, pursuant to the provisions of section 51 of the Planning Act, R.S.O. 1990, chapter P.13, BETWEEN: THE DURHAM REGION ROMAN CATHOLIC SEPARAT[~ SCHOOL BOARD herein called the "School Board" OF THE FIRST PART, THE CORPORATION OF THE TOWN OF PICKERING herein called the "Town" OF THE SECOND PART. WHEREAS on May 25, 1993, the School Board and the Town entered into an Agreement pursuant to the provisions of section 51 of the Planning Act, R.S.O. 1990, chapter P.13 to provide for the development of an elementary school on those parts of Lot 18, Concession 2, Picketing, designated as Parts 5, 6, 7, 9, 10, 11 and 12, Plan 40R-14g12; and WHEREAS that Agreement provides in part that the School Board agree to observe certain conditions of the approval of the draft plan of subdivision within which the School Board's lands are located (Draft Plan 18T- 87079); NOW THEREFORE, THIS AGREEMENT WITNESSETH THAT, in consideration of the Town consenting to the registration of the proposed plan of subdivision, and the covenants hereinafter expressed, the Parties hereto covenant and agree one with the other as follows: The lands affected by this Agreement (herein called "the School Site") are those parts of Lot 18, Concession 2, Pickering, designated as Parts 5, 6, 7, 9, 10, 11 and 12, Plan 40R-14812. (1) Whenever in this Agreement the pronoun "it" is used, it shall be read and construed as "he", "she", "they", "him", "her" or "them", and the number of the verb agreeing therewith shall be construed accordingly. (2) Schedules A and B attached hereto shall form part of this Agreement. (3) Time shall be of the essence of this Agreement. This Agreement shall be enforceable by and against the Parties hereto, their heirs, executors, administrators, successors and assigns, and the Agreement and all the covenants by the Owner contained herein shall run with the Lands for the benefit of the Town and the land or interests in land owned by the Town upon the registration of the plan. 4. NOTICE ( 1 ) Any notice required to be given hereunder may be given by personal delivery or registered mail, (a) in the case of the Owner, to John Carbone, President Drektor Realty Corp. 240 Duncan Mill Road Don Mills, Ontario M3B 1Z4 and (b) in the case of the Town, to The Town Clerk The Corporation of the Town of Picketing Picketing Civic Complex One The Esplanade Picketing, Ontario L1V 6K7 (2) Each Party may redesignate the person or the address, or both, to whom or to which such notice may be given by giving written notice to the other. (3) Any notice given in accordance with this section shall be deemed to have been given on the second day following the day of delivery or the day of mailing, as the case may be. Evexy provision of this Agreement by which the Owner is obligated in any way shall be deemed to include the words "at the expense of the Owner and at no expense to the Town" unless the context requires otherwise. 6. APPLICATION OF SUBDIVISION AGREEMENT Insofar as, (a) the School Site is a part of the lands comprising Draft Plan 18T-87079, and the transfer of the School Site to the School Board prior to the registration of a final subdivision plan was an accommodation to the School Board; and (b) draft plan conditions 9, 11, 18, 19, 20, 24 and 28 have been acknowledged by the School Board as subsisting in respect of the School Site to the extent that the School Board has agreed to observe those conditions, the School Board hereby agrees to comply with the provisions of the Subdivision Agreement dated May 3, 1994 between Drektor Realty Corp. and the Town attached hereto as Schedule B to the extent that the provisions of that Agreement implement those dra0. plan conditions in respect of the development of the School Site or the provision of services to the School Site. 2 IN WITNESS WHEREOF the Parties hereto have hereunto affixed their respective Corporate Seals attested to by the hands of their authorized officers. SIGNED, SEALED AND DELIVERED THE DURHAM REGION ROMAN CATHOLIC SEPARATE SCHOOL BOARD THE CORPORATION OF TIlE TOWN OF PICKERING Wayne Arthurs, Mayor Bruce Taylor, Clerk 3 CERTAIN DRAFT PLAN CONDITIONS RESPECTING 18T-87079 AS SET OUT IN SCHEDULE B TO THE ONTARIO MUNICIPAL BOARD ORDER DATED MAY 22. 1990 9. That such easements as may be required for utilities, grading, drainage and servicing purposes shall be granted to the appropriate authority. 11. That prior to final registration of the plan of subdivision, or any on-site grading, the Ministry of Natural Resources must have reviewed and approved reports describing: (a) the manner in which stormwater will be conveyed from the site, including any stormwater management techniques that may be required, in accordance with the provincial "Urban Drainage Design Guidelines" April 1987; (b) the impact of the proposed stormwater management techniques on the water quality of receiving waters as it relates to fish and fish habitat; (c) the means whereby erosion and sedimentation and their effects will bc minimized on the site during and after construction, in accordance with the provincial "Guidelines on Erosion and Sediment Control for Urban Constructions Sites", May 1987; (d) site soil conditions, including grain size distribution profiles; and (e) site grading plan. 18. That prior to final approval of the plan, the Owners shall satisfy all requirements, financial and otherwise, of the Town of Pickering. This shall include, among other matters, execution of a Subdivision Agreement between the Owners and the Town of Pickering concerning the provision and installation of roads, services and drainage, and other local services. 19. That prior to final approval of the plan, the Owners shall satisfy all requirements, financial and otherwise, of the Regional Municipality of Durham. This shall include, among other matters, the execution of a Subdivision Agreement between the Owners and the Regional Municipality of Durham concerning the provision and installation of sanitary sewer, water, supply, roads and other regional services. 20. That engineering drawings for Regional services and the proposed final plan of subdivision be submitted to, and approved by, the Works Department of the Regional Municipality of Durham prior to the preparation of the Subdivision Agreement. 24. That a right-in-only access to the separate school site, for use by emergency vehicles and school buses, shall be established at the Brock Road frontage of this plan to the satisfaction of the Regional Municipality of Durham. 28. That the Owners shall supply and install a six-foot chain-link fence (standard school fencing) on the sides of the school site, along the property lines of the adjacent residential lots and that part of the school site flanking Brock Road. 4 THIS SUBDIVISION AGREEMENT made May 3, 1994 pursuant to the provisions of section 51 of the Planning Act, R.S.O. 1990, chapter P. 13, BETWEEN: DREKTOR REALTY CORP. herein called the "Owner" OF THE FIRST PART, THE CORPORATION OF THE TOWN OF PICKERING herein called the "Town" OF THE SECOND PART. WHEREAS the Owner proposes to subdivide Part Lot 18, Concession 2, in the Town of Picketing, in the Regional Municipality of Durham, and to register a plan of subdivision of those lands, as shown on a draft plan of' subdivision designated as Draft Plan Number 18T-87079, and is required as a condition of approval thereof to enter into a subdivision agreement with the Town pursuant to section 51 of the Planning Act, R.S.O. 1990, chapter P. 13; NOW THEREFORE, THIS AGREEMENT WITNESSETH THAT, in consideration of the Town consenting to the registration of the proposed plan of subdivision, and the covenants hereinafter expressed, the Parties hereto covenant and agree one with the other as follows: PART 1 - INTERPRETING AND APPLYING THIS AGREEMENT The lands affected by this Agreement (the "Lands") are Lots I to 160, both inclusive and Blocks 165, 166 and 167, Plan 40M- , Picketing. 2. STATUS OF THIS AGREEMENT (1) In the event the plan of subdivision is not registered on or before January 3, 1995, this Agreement shall be null and void and of no further effect, and the Town shall not be liable for any expenses, costs or damages suffered by the Owner as a result thereof. (2) This Agreement is entered into and execuled by the Owner for the purpose of having the Town act in reliance on the covenants by the Owner contained herein and the Owner hereby waives any right or claim which it now has or may hereinafter acquire which is inconsistent with the terms of this Agreement. (I) Whenever in this Agreement the pronoun "it" is used, it shall be read and construed as "heN, "she", "they", "him", "her" or "them", and the number of the verb agreeing therewith shall be constmed accordingly. (2) Schedules A, B, C, D and E attached hereto shall form part of tl~s Agreement. (3) Time shall be of the essence of this Agreement. This Agreement shall be enforceable by and against the Parties hereto, their heirs, executors, administrators, successors and assigns, and the Agreement and all the covenants by the Owner contained herein shall run with the Lands for the benefit of the Town and the land or interests in land owned by the Town upon the registration of the plan. (I) Any notice required to be given hereunder may be given by personal delivery or registered mail, (a) in the case of the Owner, to John Caxbone, President Dreklor Realty Corp. 240 Duncan Mill Road Dor~ Mills, Ontario M3B IZ4 and (b) in the case of the Town, to The Town Clerk The Corporation of the Town of Pickering Pickering Civic Complex One The Esplanade Picketing, Ontario LIV 6K7 (2) Each Party may redesignate the person or the address, or both, to whom or to which such notice may be given by giving wriHen notice to the other. (3) Any notice given in accordance with this section shall be deemed to have been given on the second day following the day of delivery or the day of mailing, as the case may be. The Owner shall retain a licence from any subsequent purchaser of the Lands, or any part thereof, enable the Owner and the Town's inspectors to enter upon the Lands in order to comply with the provisions of this Agreement. 7. OWNER'S GENERAL UNDERTAKING The Owner shall complele in a good workmanlike manner for the Town, all the municipal services as hereinafter set forth lo the satisfaction of the Town, and shall complete, perform or make payment for such other matters as may be provided for herein. 2 Every provision of this Agreement by which the Owner is obligated in any way shall be deemed to include the words "at the expense of the Owner and at no expense to the Town" unless the context requires otherwise. PART 2 - CONSTRUCTING THE TOWN'S SERVICES 9. CONSULTING ENGINEERS (!) The Owner shall retain a Professional Engineer as the Consulting Engineer of the Owner to cant out all the necessary engineering and to supervise the work required to be done for the development and construction of the project. (2) Such Consulting Engineer, or any successor thereto, shall continue to be retained until the wo~ required to be done for the development and construction of the project is completed and formally accepted by the Town. (3) The Owner may change fi.om one Consulting Engineer to another at any time or times during the development and conslyuction of the project, so long as the Owner has a Consulting Engineer retained at all times. 10. CONSTRUCTION / INSTALLATION OF TOWN WORKS AND SERVICES (I) The Owner shall obtain all required approvals and shall construct or ins'~ll to Town .grand.ds and shall provide to the Town, complete in every detail, the following Town works and services (the "Works") as shown on plans submitted by the Owner's Consulting Engineer to the Town and approved by the Town's Director of Public Works in accordance with the Town's specifications for such Works: (a) Town roads within the plan, complete with all signs and other appurtenances; (b) Town roads adjacent to the plan and not separated fi.om the plan by a reserve or reserves, complete with all appurlenances; (c) removal and replacement of any temporary turning circle located immediately adjacent to the plan on a Town road to be extended into the plan; (d) street storm sewers on roads referred to in (a) and (b), complete with curbs, gutlers, catchbasins and manholes; (e) storm water drainage and management system serving the lands in the plan and lands outside the plan but draining through the plan, complete with detention or retention facilities, quality control devices and outlets; (f) boulevards and sidewalks on Town roads within the plan, on Town roads adjacent Io the plan but not separated from the plan by a reserve or reserves, and on Town roads to be extended into the plan where the Owner is required to remove and replace a temporary turning circle; (g) street lighting on Town roads within the plan, on Town roads adjacent to the plan but not separated from the plan by a reserve or reserves, and on Town roads to be extended into the plan where the Owner is required to remove and replace a temporary turning circle; (h) street tree planting on Town roads within the plan, on Town roads adjacent Io the plan but not separaled fi.om the plan by a reserve or reserves, and on Town roads Io be extended into the plan where the Owner is required to remove and replace a temporary lurning circle; (i) walkways on walkway blocks and park entrances, complele with walkway fencing and lighting; and (j) other fencing, including, (i) fencing adjacent to commercial sites, school sites, parks, open space, storm water management facilities and roads adjacent to the plan and separated from the plan by a reserve or reserves, and (ii) noise atlenuation fencing. (2) If at any time prior to the acceptance of the Works, the Town's Director of Public Works is of the opinion that additional works are necessary to provide adequately any of the public services required by the project, the Owner shall construct, install or perform such additional works at the request of the Director. (3) All Works shall be constructed and installed in accordance with the Town's specifications and in a good and workmanlike manner under the supervision of the Owner's Consulting Engineer and under the observation of the Town's inspectors or, in the case of street lighting, Picketing Hydro's inspectors. (4) The Owner shall conduct video inspections of all underground services required to be constructed or installed hereby and shall provide a VHS-format videotape record of those inspections to the Town. ($) The Owner shall pay to the Town the Town's costs of inspection, including but not necessarily limited to, salaries and wages of inspectors, lesting fees and administration fees, within 30 days of invoices being rendered. I I. GENERAL REGULATIONS RESPECTING SERVICING (I) The construction of Town roads shall include the construction of paved driveway approaches between the curb and sidewalk or, where no sidewalk is to be provided, between the curb and the lot line. (2) Where the conslruction or installation of services involves a continuation or extension of existing Services, the Owner shall join into the existing services, including adjustment of grades where necessary, in a good and workmanlike manner. (3) The Owner shall not dump nor permit to be dumped any fill or debris on, nor remove or permit to be removed any fill fiom, any public lands, other than in the aclual construction of roads in the project without the writlen consent of the authority responsible for such lands. (4) The Owner shall not bum nor permit to be burned any refuse or debris within the project or adjacent to it. (5) The Town's Director of Public Works may have qualitative or quantitative tests made of any materials which have been or are proposed to be used in the construction or installation of any services required by this Agreement, and the cost of such lests shall be paid by the Owner within 30 days of invoices being rendered. (6) The Owner shall pay, within 30 days of invoices being rendered, the costs of, (a) relocating any existing services or utilities required to be relocated by the construction or installation of Works, services, or utilities in the project, and (b) moving any Works, services or utilities inslalled in driveways or so close thereto, in the opinion of the Town's Director of Public Works, as to interfere with the use of the driveway. (7) Unless otherwise provided herein, the Owner shall perform any work required to be done under this Agreement to the specifications of the Town in effect al the date hereof. (8) The Owner shall provide and erect temporary signs of such nature and at such locations as designated by the Town's Director of Public Works. 12. ELECTRICAL SERVICES Where electricity, cable television service or telephone service is to be provided to any lot or block in the project, it shall be provided underground and in accordance with the standards and specifications of Pickering Hydro-Electric Commission, Trillium Cable T.V. Limited or Bell Canada, as the case may be. 13. TREE INVENTORY / TREE PRESERVATION PROGRAM (1) The Owner shall submit a Tree Inventory and a Tree Preservation Program prepared by a qualified expert, and based upon the Town-approved Grading Control Plan, indicating which existing trees in the project may be preserved to the Town's Director of Public Works for the review and approval of the Town's Director of Planning and Director of Community Services and Facilities, and shall implement the Program as approved only. (2) Until the Tree Preservation Program is approved the Owner shall not commence, nor allow to be commenced, any aspect of the development of the lands in the project, including the removal of any tree. (3) In thc event that any tree required to be preserved by the approved Tree Preservation Program is removed or is, in the opinion of the Town's Director of Community Services and Facilities, damaged to such an extent that its value or longevity is decreased or is likely to be decreased, then the Owner shall replace thal tree with a tree of a height, diameter and species determined by the Director; such replacement shall be at no cost to the Town. (4) The Owner's liability under subsection (3) shall continue until, (a) where the .lands upon which the tree is located comprise a residential building Ioi or block, twelve months after the completion of the sodding on the lot or block, or (b) where the lands upon which the tree is located comprise lands other than a residential building lot, the issuance by the Town ofthe Final Acceptance Certificate. 14. ORADirNG CONTROL PLAN / LOT DRAINAGE AND SODDING (I) The Owner shall submit to the Town, for the approval of the Town's Director of Public Works, a Grading Control Plan prepared by the Owner's Consulting Engineer, establishing the proposed grading of the lands in the project to provide for the proper drainage thereof and the drainage of all adjacent lands which drain through the lands in the project. (2) The Grading Control Plan shall be prepared in accordance with the Town's Lot Drainage Specifications and shall not provide for the drainage of surface run-off water onto Town-owned parkland, open space or walkways unless provision is made for the installation by the Owner, at no cost to the Town, of suitable swales and catch basins to manage adequately, in the opinion of the Town's Director of Community Services and Facilities, that surface run-offwater. (3) The Owner shall grade all the lands in the project in accordance with the approved Grading Control Plan, ensuring that sufficient topsoil remains as cover on all areas of the project intended for sodding, seeding, or other planting. (4) If thc Town determines that, (a) grading has not been done in accordance with the Grading Control Plan, CO) grading has been done in accordance with the Grading Control Plan but drainage problems remain, or (c) sufficient topsoil has not been left in the appropriate areas, the Owner shall re-grade the project, or part thereof affected, adding a sufficient amount of topsoil if necessary, or construct catch basins, swales or other structures as may be necessary to correct such problems, as directed by the Town's Director of Public Works. (5) The Owner shall sod the front, side and rear yards of each of the residential lots and blocks in the project except for paved, planted or treed areas prior to the occupancy of the dwelling unit located thereon or within the six months immediately thereafter except, where the occupancy of the dwelling unit occurs in November or December of any year, the time limit for sodding may be extended to June 30 in the following year. 15. AUTHORIZATION TO COMMENCE WORK The Owner shall not commence the construction or installation of any of the Works without the written Authorization to Commence Work of the Town's Director of Public Works, which Authorization shall not be issued until all approvals required by this Agreement have been obtained and, (a) four red-lined copies of this Agreement executed by the Owner and all Encumbrancers have heen provided to the Town to the satisfaction of the Town Solicitor; Co) all monies, securities and insurance policies, as noted in this Agxeement, have been delivered to the Town to the satisfaction of the Town Treasurer and the Town Solicitor; (c) all approvals and permits have been obtained by the Owner from the Ministry of the Environment, the Ministry of Natural Resources and the Metropolitan Toronto and Region Conservation Authority, or a certificate has been provided by the Owner's Consulting Engineer that no such approvals or permits are required; and (d) three executed copies, in a form suitable for registration, of any Transfers/Deeds required by section 34 respecting the conveyances identified in Schedule A have been provided to the Toga in registrable form to the satisfaction of the Town Solicitor. 16. USE OF WORKS PENDING COMPLETION / EMERGENCY REPAIRS (I) Any of the Works may be used by the Town, or by such other person or agency as may be authorized by the Town's Director of Public Works, for the purposes for which the Works ar~ designed, and such use shall not be deemed an acceptance of any of the Works by the Town, nor an assumption by the Town of any liability in connecllon therewith, nor a release of the Owner from any of its obligations under this Agreement. (2) The Town may make emergency repairs at any time to any of the Works and may for this purpose enter the Lands at any lime; such repair or entry shall not be deemed an acceptance of any of the Works by the Town, nor an assumption by the Town of any liability in connection therewith, nor a release of the Owner from any of its obligations under this Agreement. 17. INTERNAL / EXTERNAL ROAD MAINTENANCE AND REPAIR / SNOW PLOWINQ (l) Throughout the term of this Agreement, the Owner shall, (a) maintain all Town roads within the project in a mud and dust free condition and free of obstructions, regardless of ibc source or cause of any mud, dust or obstruction; 6 (b) maintain all Town roads outside the project, including boulevards, in a mud and dusl flee condition and free of obstructions, where the som'ce or cause of the mud, dust or obstruction is an operation or operations related in any way to the development of the project; (c) repair all Town roads outside the project, including boulevards, where damage has occurred as a result of an operation or operations related in any way to the development of the project; and (d) plow snow from and salt all Town roads within the project that are not subject to the Town's winter conb-ol program. (2) The Owner, within 24 hours of verbal notification by the Town to it or its representatives, shall undertake such works as are necessary to clean, clear, repair, plow or salt any Town road requiring such work in the opinion of the Town's Director of Public Works or his designate. 18. COMPLETION DATES. TOWN WORKS AND SERVICES (I) The Owner shall complete the Works in accordance with the following time ]irrdts: (a) Town roads within the plan - two years from date of Authorization to Commence Work; (b) Town roads adjacent to the plan - two years from date of Authorization to Commence Work; (c) removal and replacement of any temporary .~ng circle - two years fi'om date of Authorization to Commence Work; (d) street storm sewers - one year from date of Authorization to Commence Work; (e) storm water drainage and management system (including grading and top-soiling of non- residential lots and blocks) - one year from date of Authorization to Commence Work; (f)(i) boulevards and sidewalks on Town roads within the plan, on Town roads adjacent to the plan but not separated from the plan by a reserve or reserves - six months after occupancy of first dwelling to be occupied adjacent to segment as identified by the Town's Director of Public Works, but no later than two years from date of Authorization to Commence Work; (f)(ii)boulevards and sidewalks on Town roads to be extended into the plan where the Owner is required to remove and replace a temporary turning circle - two years from dale of Authorization to Commence Work; (g) street lighting - one year from dale of Authorization to Commence Work; (h) street tree planting - two years from date of Authorization to Commence Work; (i) walkways, walkway fencing and walkway lighting - prior to the occupancy of any dwelling adjacent thereto; (j)(i) other fenc!ng adjacent to, A parks, open space and storm water management facilities - prior to the occupancy of any dwelling adjacent thereto; B commercial sites and school sites - one year from date of Authorizalion Io Commence Work; and C roads adjacent to the plan and separated from the plan by a reserve or reserves - six months af*,er occupancy of first dwelling to be occupied adjacent Io segment as 7 identified by the Town's Director of Public Works, but no later than two years from date of Authorization to Commence Work; and (jXii) noise auenuation fencing - prior to the occupancy of any dwelling adjacent thereto, following the satisfactory completion and testing of all of which, and the approval thereof by the Town, the Town shall issue to the Owner a Completion Acceptance Certificate. (2) Despite the provisions of subsections (l)(f)(i) and (l)(j)(i)C, where the occupancy of the fu-st dwelling unit occurs in November or December of any yem', the time limit for construction of the adjacent boulevard, sidewalk or fencing segment shall be extended to June 30 in the following year. 19. FAILURE TO COMPLETE / IMPROPER PERFORMANCE (1) If, in the opinion of the Town's Director of Public Works, the Owner is not conslructing or installing the Works, or causing them to be constructed or installed, within the specified time or so that they may be completed within the specified time, or is improperly performing the Works, or has neglected or abandoned them before completion, or has unreasonably delayed them so that the terms and conditions of this Agreement are being violated or executed carelessly or in bad faith, or has neglected or refused to renew or again perform Works rejected by the Director of Public Works as defective or unsuitable, or has in any other manner, in the opinion of the Director of Public Works, defaulted in the performance of the terms and conditions of this Agreement, then the Director may noti~, the Owner and his surety in writing of the default or neglect and if the notification be without effect for seven days, then the Director shall have full authority to make any payment or do any thing, including but not limited to obtaining materials, tools and machinery and employing persons required for the proper completion of the Works or rectification of the default, at the cost and expense of the Owner or his surety, or both. (2) In cases of emergency, in the opinion of the Director of Public Works, such Director may act without prior notice but the Owner and its surety shall be notified forthwith. (3) The cost of rectifying the default shall be calculated by the Director of Public Works, whose decision shall be final, and may be charged to the Owner, together with a 25 per cent engineering and administration fee, by drawing upon the letter ofcredit filed with the Town under section 21. 20. GUARANTEI~ OF WORKS. WORKMANSHIP AND MATERIALS (I) The Owner shall guarantee all Works, workmanship and malerials employed or used in the construction, installation or completion of Works, services and other requirements under this Agreement for a minimum period of two years (the "maintenance period") following the issuance of the Completion Acceptance Certificate by the Town. (2) Despile any other provisions of this Agreement, the responsibilities of the Owner during the maintenance period shall include the mainlenance of the Works, including the rectification of any unsatisfactorily installed Works. (3) Prior to the end of ibc maintenance period, the Owner's Consulting Engineer shall submit to the Town, (a) "as built" construction drawings for the Works complele as per Town standards, logether with that Consulting Engineer's certificate that those drawings accurately depict the Works as constructed; and (b) a statement by an Ontario Land Surveyor that all standard iron bars as shown on the registered plan, and survey monuments at all block comers, at the ends of all curves (other than comer roundings) and al all points of change in direction of streets in the plan have been found or re-eslablished. g (4) Prior to the end of the maintenance period, the Town will g-inspect the Works and if, (a) the Works are acceptable; and (b) the Owner has performed all of its obligations under the terms of this Agreement to the satisfaction of the Town, the Town will issue to the Owner a Final Acceptance Certificate at which time the Town will assume ownership of the Works and the operation and maintenance thereof, and the maintenance period will then end. (5) If upon the re-inspection conducted prior to the end of the maintenance period, (a) the Works are not acceptable, or CO) the Owner has not performed all of its obligalions under the terms of this Agreement lo the satisfaction of the Town, the Town will advise the Owner of the deficiencies, the expected rectifications, and the time limited for implementing the rectifications (the "rectification period") and the maintenance period shall be extended to the end of the rectification period. (6)At the end of the rectification period, the Town will re-inspect the Works and if, (a) the Works are acceptable; and Co) the Owner has performed all of its obligations under the terms of this Agreement to the satisfaction of the Town, the Town will issue to the Owner a Final Acceptance Certificate at which time the Town will assume ownership of the Works and the operation and maintenance thereof, and the maintenance period will then end. (7) If upon the re-inspection conducted at the end ofthe rectification period, (a) the Works are still not acceptable, or Co) the Owner has not performed all of its obligations under the terms of this Agreement to the satisfaction of the Town, the Town's Director of Public Works shall determine, in his sole discretion, whether a further rectification period will be granted, and, if so, upon what terms and conditions, or whether the Town shall proceed under the provisions of section 19, or both. 21. pERFORMANCE AND MAINTENANCE SECURITy (I) Before this Agr/~ement will be executed by the Town, the Owner shall file with the Town an irrevocable letler of credit, issued by a chartered bank in Canada in the form set out in Schedule B and in an amounl established by the Director of Public Works (the "original value"), as a performance and maintenance security for the purpose of, (a) guaranteeing the satisfactory construction, installation or performance of the Works; Co) guaranteeing the payment ofany mounts payable to the Town under this Agreement; (c) guaranteeing the payment of an), mount that the Town may be required lo pay under the provisions of the Construction Lien Act, or any successor thereto, and (d) guaranteeing all Works, workmanship and materials during the maintenance period and any rectification period or periods and until a Final Acceptance Certificate has been issued by the Town's Director of Public Works. (2) The Owner may, at any time after the first 50 per cent, in value, of Works have been constructed, installed or performed, and paid for, apply for a reduction in the security and such application shall be made to the Town Treasurer. (3) Upon written verification from the Director of Public Works that the construction, installation or performance of the Works for which reduction is being sought have been satisfactorily completed and paid for, the Town Manager may reduce the amount of the security to an amount not less (a) 60 per cent of the original value where no certificate or declaration of substantial performance has been made; (b) 35 per cent of the original value where, (i) a certificate or declaration of substantial performance has been published; (ii) 45 days following such publication have expired; and (iii) all liens that may be claimed against any holdback required to be retained by the Town have expired or have been satisfied, discharged or provided for by payment into court; and (c) 17 per cent of the original value where, (i) a certificate of final completion has been made by the Owner's Consulting Engineer; (ii) 45 days following the making of such certificate have expired; (iii) all liens that may be claimed against any holdback required to be retained by the Town have expired or have been satisfied, discharged or provided for by payment into court; and (iv) a Completion Acceplance Certificate has been issued by the Town's Director of Public Works, which 17 per cent portion shall secure the guarantee of Works, workmanship and materials, until a Final Acceptance Certificate has been issued by the Town's Director of Public Works, when the balance of the security shall be returned to the Owner subject to any deductions for rectification ofdeficiencies. (4) Upon the approval, if any, of a reduction in the amount of the security required to be provided in subsection (1), the Town Manager or the Town Treasurer shall provide to the Owner any necessary assurance to effect the reduction. 22. OWNER'S GENERAL INDEMNITY Until the Town's Director of Public Works has issued the Final Acceptance Certificate for the Works, the Owner shall indemnify the Town against all actions, causes of actions, suits, claims and demands whatsoever, which may arise either directly or indirectly by reason of the Owner undertaking the project or servicing the Lands as required under this Agreement. 10 23. OCCUPATIONAL HEALTH AND SAFETY (I) The Owner certifies that it is aware of its duties and obligations under the Occupational Health and Safety Act, or any successor thereto, and all Regulations thereunder (herein called the 'Act'), and shall ensure that its employees, contractors, subcontractors and their employees, (a) are aware of their respective dulies and obligations under the Act, and Co) have sufficient knowledge and training to perform all works and services required pursuant to this Agreement safely and in compliance with the Act. (2) In the performance of all works and services required pursuant to this Agreement, the Owner shall, (a) act safely and comply in all respects with the Act, and Co) ensure that its employees, con~'actors, subcontractors and their employees act safely and comply in all respects with the Act. (3) The Owner shall rectify any unsafe act or practice and any non-compliance with the Act immediately upon being notified by any person of the existence of such act, practice or non- compliance. (4) The Owner shall permit representatives of the Town on the site where any works or services required pursuant to this Agreement are being performed at any time or times for the purpose of inspection to determine compliance with this section. (5) No act or omission by the Town or any representative of the Town (including the entering into of this Agreement) shall be deemed to be an assumption of any of the duties or obligations of the Owner, its employees, contractors, subcontractors and their employees under the Act. (6) In addition to the Owner's general indemnification of the Town pursuant to section 22, above, the Owner shall indemnify and save harmless the Town, (a) from any loss, inconvenience, damage or cost to the Town which may result bom the Owner or any of its employees, contractors, subcontractors and their employees failing to act safely or to comply in all respects with the Act in the performance of any work or service required pursuant to this Agreement; and Co) against any action or claim, or costs related thereto, brought against the Town by any person arising out of any unsafe act or practice or any non-compliance with the Act by the Owner or any of its employees, contractors, subcontractors and their employees in the performance of any work or service required pursuant to this Agreement. 24. LIABILITY INSURANCE POLICY / PROVISION FOR DEDUCTIBLE (1) Before this Agreement will be executed by the Town, the Owner shall file with the Town a Certificate of Insurance verifying that a Liability Insurance Policy is in effect, setling out the essential lerms and conditions of the insurance, and naming the Town as additional named insured, all of which shall be subject to the approval of the Town Solicitor. (2) The policy shall comply with the following provisions: (a) the minimum limit per occurrence shall be $5,000,000 all inclusive for properly damage and personal liability; Co) it shall not contain a clause for exclusion for blasting; and (c) it may not be cancelled unless prior notice by registered letter has been given to the Town by the insurer thirty days in advance of the expiry date. (3) The policy premium must be paid initially for a period of one year and the policy shall be renewed for further one year periods until the Final Acceptance Certificate has been issued by the Town's Director of Public Works. (4) If the policy coverage is subject to a deductible amount, the Owner shall file with the Town, when filing the Certificate of Insurance, a certified cheque or letter of credit with the Town in the deductible amount, as a deposit, together with a letter from the Owner authorizing the Town to appoint an independent adjuster and to investigate claims less than the deductible amount and authorizing the Town to pay such claims deemed valid by the adjuster out of the deposit; the Owner shall be responsible for all adjustment service costs and shall maintain the deposit throughout the term of this agreement in the amount of the deductible. (5) The provision of the insurance policy required by this section shall not relieve the Owner from liability for claims not covered by the policy or which exceed its limits, if any, for which the Owner may be held responsible. PART 3 - DEVELOPING THE PROJECT 25. CONSTRUCTION AND OCCUPANCY OF BUILDINGS (I) No building permit shall be issued for any building or part of a building on the Lands until, (a) all buildings and structures on the Lands prior to draft plan approval have been demolished by the Owner; Co) sewer and water facilities are available, and in the opinion of the Town's Director of Public Works, capable of providing adequate service; (c) an asphalt base has been laid on the road immediately in front of the building or pan thereof and extended to an existing maintained road; and (d) the Owner has paid to the Town the applicable development charge for each dwelling in that building or part thereof in accordance with By-law 3854/91, enacted pursuant to the Development Charges Act. (2) No building or part of a building on the Lands shall be occupied except upon the issuance of a municipal occupancy permit. (3) No application for a municipal occupancy permit for a building or part of a building shall be made except upon the following conditions: (a) storm sewer, sanitar~ sewer and water facilities are inslalled and in operation to adequately serve such building or pan thereof; Co) electric service is completed and in operation; and (c) such curbs, as in the 6pinion of the Town's Director of Public Works, are required to be completed prior to occupancy have been constructed on the road immediately in front of the building or pan thereof and extended to an existing mainlained public road. (4) The Owner shall maintain vehicular access Io all occupied buildings on the Lands until the roads in the plan are formally asstuned by the Town. 12 26. DESIGN PLANNING - RESIDENTIAL UNITS AND NOISE ATTENUATION STRUCTURES (1) Prior to the issuance of any building permit for the construction of any residential unit on the Lands and the construction of any noise atlenuation structure in or adjacent to the project, the Owner shall submit to the Town's Director of Planning, for approval, a report oullining siting and architectural design objectives for the project. (2) That report may be required, at the Director's option, to provide the following information: (al house massing; (la) streetscape; (c) exterior materials and co[ours; (d) architectural style; (e) vis~ variety; (0 energy conservation measures; and (gl any other data or information reasonably required. (3) Prior to the issuance of each building permit for the construction of a residential unit on the Lands, the Owner shall submit to the Town's Director of Planning, for approval, site plans and architectural drawings for that unit. (4) Those plans and drawings may be required, at thc Director's option, to provide the following information: (al the location of all buildings and structures Io be erected and the location of all facilities and works associated therewith; (b) the location of landscaping features, including trees to be preserved; (c) streelscape for fiont, rear and tankage elevations at a scale acceptable to the Director; (d) strectscape Io show all slreet furniture and vegelation; (el the relationship of buildings by blocks; and (0 any other data or information reasonably required. 27. SPECIFIC PROVISIONS RESPECTING DEVELOPMENT The Owner shall comply with any specific provisions respecting the development of this project set out in Schedule D. PART 4 - FINANCIAL MATTERS 28. EXPIRY OF SECURITIES (1) Should any letter of credit security required to be provided hereunder expire before the Town releases the Owner from the terms and conditions hereof, the Owner shall provide to the Town at least 30 days in advance of the expiry date of that security, a further security to take effect upon the expiry. (2) Such further security shall be in a form and amount satisfactory to the Town. (3) Should no such further security be provided as required, then the Town shall have the fight to convert the expiring security into cash and hold Ihe cash in lieu of and for the same purposes as the expiring security. 29. pAYMENT OF LIENS AND OTHER CLAIMS (i) The Owner shall discharge or vacate any liens or claims filed with the Town or registered on title to any Town-owned lands within lhirty days of being requested to do so by the Town. 13 (2) At the end of the maintenance period, as extended during ~my rectification period, the Owns' shall file with the Town a Statutory Declaration stating that, (a) all materials have been supplied and all services and works have been completed in the project with respect to the construction and installation of Works and other services; all accounts for work or service performed and materials placed or furnished upon or in respect of the construction and installation of Works and other services in the project have been fully paid and satisfied and no person is entitled to claim a lien under the Construction Lien Act against the Town or any Town-owned land; (c) there are no judgments or executions filed against the Owner; (d) nothing is owed by the Owner or claimed against it for unemployment insurance deductions, income tax deductions, or by way of contribution or assessment under the Workers' Compensation Act; (e) the Owner has not made any assignment for the benefit of creditors, nor has any receiving order been made against it under the Bankruptcy Act, nor has any petition for such an order been served upon the Owner; and (0 45 days have passed since the completion of the construction, installation, and last rectification of the Works and services. 30. PAYMENT OF INTEREST ON OVERDUE AMOUNTS PAYABLE The Owner shall pay interest at the rate of 18 per cent per year to the Town on all sums of money payable hereunder which are not paid on the due dates calculaled from such due dates. 3 I. PAYMENT OF REALTY AND BUSINESS TAXES / LOCAL IMPROVEMENT CHARGES (1) The Owner shall pay in full as they come due all realty and business taxes assessed against the Lands or the Owner as required by law bom time to time. (2) Before this Agreement will be executed by the Town, the Owner shall commute and pay to the Town or to the Regional Municipality of Durham all local improvement charges assessed against the lands in the plan. 32. PAYMENT OF DEVELOPMENT CHARGES (I) The Owner shall pay to the Town, in accordance with the Development Charges Act and the Town's Development Charges By-law 3854/91, development charges for each dwelling unit within thc project respecting the following services: (a) administrative services - town offices; (b) administrative services - capital growth studies; (c) protection - fire facilities; (d) protection - fire vehicles and equipment; (e) storm drainage, roads, sidewalks, storm sewers, lighting and other services; (fi transportation - works yards, vehicles and equipment; (g) transportation - transit; (h) parks - parkland acquisition; (i) parks - parkland development; (j) major recreational facilities - major indoor recreational facilities; (k) library - library facilities; (I) library - library materials; and (m) electrical distribution services a,~d facilities. 14 (2) The amount of the development charge for each dwelling to be erected in the plan shall be the amount set out in Sch~ule C for that type of dwelling, as adjusted annually in accordance with Schedule C. (3) Where a development charge is payable for a dwelling located on a parcel of land comprised of land in this plan and land not in this plan, the amount of the development charge payable for that dwelling shall be the amount calculated in accordance with the provisions of the subdivision agreement for the most recently registered of the plan or plans within which the parcel is located. 33. PAYMENT OF ENGINEERING. LEGAL AND REGISTRATION FEES (I) Before this Agreement will be executed by the Town, the Owner shall pay by certified cheque to the Town an Engineering Drawing Inspection Fee in the amount set out in Schedule C for the examination and inspection done by the Town's Public Works Department in the processing of the engineering drawings for this project. (2) Before this Agreement will be executed by the Town, the Owner shall pay by certified cheque to the Town a Subdivision Agreement Processing Fee in the amount set out in Schedule C for the preparation and processing of this Agreement by the Town's Legal Services Depacanent. (3) The Owner shall pay all registration costs incurred by the Town relating in any way to the registration of the plan of subdivision, this Agreement, or any other documentation, including transfers, in the Land Registry Office within 30 days of invoices being rendered. PART 5 - TRANSFERS AND REGISTRATIONS 34. TRANSFERS OF LANDS OR INTERESTS IN LANDS OR PAYMENTS IN LIEU THEREOF (1) Upon executing this Agreement, the Owner shall convey or cause to be conveyed to the Town, free and clear of all encumbrances and at no cost to the Town, all of the lands or interests in lands identified in Schedule A for the purposes set out therein. (2) The Owner hereby warrants that, upon such conveyance, neither the title to the lands conveyed nor their physical state and condition shall prevent the Town from lawfully or physically using the lands for the purposes for which they are being conveyed as set out in Schedule A. (3) Where none of the lands identified in Schedule A are 1o be conveyed for parkland purposes, the Owner shall pay to the Town, before this Agreement will be executed by the Town, an amount calculated in accordance with the provisions of Schedule A in lieu of a parkland conveyance. (4) Any Transfer/Deed given pursuant to this Agreement shall be in a form acceptable to the Town Solicitor and any Transfer/Deed of a storm drainage works easement shall contain the Storm Drainage Works Easement Schedule set out in Schedule A. (5) The Town may complete or aller any description of land in this Agreement or in any Transfer/Deed given pursuant to this Agreement so as to make the description correspond with the description of the land according to the plan which is to be registered pursuant to this Agreement. 35. RELEASE OF THE PLAN FOR REGISTRATION Before the Town will advise the Regional Municipality of Durham that the conditions of Draft Approval affecting the Town have been satisfied, the Owner shall deliver to the Town the following: (a) four red-lined copies oflhis Agreement executed by the Owner and all Encumbrancers; 15 (b) all monies, securities and insurance required by this Agreement; (c) three executed copies, in a form suitable for registration, of each Transfer/Deed required by section 34 respecting the conveyances identified in Schedule A, and one dra~ copy of each required reference plan. 36. REGISTRATION OF AGREEMENT (i) This Agreement shall be registered by the Town in the Land Registry Office for the Land Titles Division of Durham (No. 40). (2) The Owner shall give to every purchaser of the Lands or any pan. of the Lands aclual notice of the existence and the lerms of this Agreement and shall include an acknowledgement in any offer to purchase or other similar document dealing with the Lands, or any part of them. (3) The Owner shall indemnifi/and save harmless the Town from any loss, inconvenience or damage which may result to the Town from the Owner's failure to comply with subsection (2) and against any action or claim made against the Town by any person other than the Owner arising out of the execution by the Town of this Agreement. (4) The Owner shall execute such further assurances of the rights hereby granted as may be deem~l necessary by the ToWn. IN WITNESS WHEREOF the Parties hereto have hereunto affixed their respective Corporate Seals aRested to by the hands of their authorized officers. SIGNED, SEALED AND DELIVERED DREKTOR REALTY CORP. John Carbone, President THE CORPORATION OF THE TOWN OF PICKERING Wayne Arthurs, Mayor Bruce Taylor, Clerk 16 ;ENCUMBRANCER. THE TORONTO-DOMINION BANK The Encumbrancer hereby postpones any rights or interests which it has in the Lands with the intent that fi'ds Agreement shall take effect as though executed and registered prior to the creation of any such fight or interest and prior to the execution and registration of any mortgage, agreement or other document creating or defining any such right or interest; And the Encumbrancer hereby covenants and agrees with the Town that this Agreement and any conveyance, easement or other document given pursuant to this Agreement, shall have priority over the rights of the Encumbrancer in the Lands with the intent that the Encumbruncer or anyone claiming under it shall at no time exercise in relation to the Lands any right, title or claim which could not be exercised by the Owner by reason of the terms of this Agreement. Dated at , this day of ,1994. SIGNED, SEALED AND DELIVERED THE TORONTO-DOMINION BANK We have the authority to bind the corporation. 17 TRANSFERS OF LANDS OR INTERESTS IN LANDS OR PAYMENTS IN LIEU THEREOF (Section 34) !. CONVEYANCES REQUIRED TO BE MADE TO THE TOWN Block 161 Road Widening Fee Simple Block 162 Road Widening Fee Simple Block 164 Storm Water Management Fee Simple Block Block 168 Walkway Fee Simple Block 169 Reserve Fee Simple Block 170 Reserve Fee Simple Lot I-6 metre by 14 metre strip Construction Access Easement along frontage of Lot 1 Lot 9 Emergency Access Easement Lot 62 Emergency Access Easement Lot 64 - 6.0 metre wide strip Storm drainage works Easement along northern boundary Lot 67 - ! .75 metre wide strip Storm drainage works Easement along northern boundary Lot 68 - 1.75 metre wide strip Storm drainage works Easement along southern boundary Lot 106 - 1.75 metre wide strip Slorm drainage works Easement along southern boundary Lot 107 - 1.75 metre wide strip Storm drainage works Easement along northern boundary Lot I 10 - 6.0 metre wide strip Storm drainage works Easement along northern boundary Lot 113 Emergency Access Easement Lot 116 - 1.90 metre wide strip Storm drainage works Easement along northern boundary Lot 117 - 1.90 metre wide strip Storm drainage works Easement along southern boundary Lot 130 - 1.90 metre wide strip Storm drainage works Easement along southern boundary 18 Lot 131 - 1.90 metre wide strip Storm drainage works Easement along northern boundary Lot 148 - 5.0 metre wide strip Storm drainage Works Easement along eastern boundary Lot i 57 - 3.0 metre wide strip Storm drainage works Easement along southern and southwestern boundary Block 166 Emergency Access Easement Block 167 Emergency Access Easement Any [other] portion of the lands Storm drainage works Easement determined by the Town's Director of Public Works Any lands outside the Lands Storm drainage works Easement determined by the Town's Director of Public Works 2. PARKLAND CONVEYANCE The Town acknowledges that the conveyance of those parts of Lot 18, Concession 2, Picketing, designated as Parts I, 2, 3 and 4, Plan 40R-14812 satisfies the parkl~d requirement for this project. 3. STORM DRAINAGE WORKS EASEMENT REFERENCE PLANS (I) Before the Town will advise the Regional Municipality of Durham that the conditions of Draft Approval affecting the Town have been satisfied, the Owner shall obtain and deliver to the Town one draft copy of each proposed reference plan required to effect the conveyance of the specific easements referred lo in section 1 of this Schedule. (2) Upon the completion of the construction and installation of the storm drainage works within each easement shown on any proposed reference plan, the Owner's Consulting Engineer shall advise the Town's Director of Public Works of the actual location of the works in relation to the proposed easement or easements, and if the Director is satisfied with the actual location of the works, the Owner shall register that reference plan and provide four copies of the plan as registered to the Town Solicitor. (3) If the Town's Director of Public Works is not satisfied with the actual location of the works in relation to the proposed easement or easements, the Owner shall obtain and deliver to the Town one draft copy of a revised proposed reference plan, and the provisions of subsection (2) and of this subsection will continue to apply. (4) Where the Town's Director of Public Works determines that the Town requires easements not specifically referred to in section I of this Schedule, the Owner shall obtain and deliver to the Town one draft copy of each proposed reference plan required to effect the conveyance of the such easements within 30 days of the Town's request to do so, and the provisions of subsections (2) and (3) will apply. 19 4. STORM DRAINAGE WORKS EASEMENT SCHEDULE Where a conveyance of an easement is for storm drainage works purposes, the following Schedule shall be atlached to the Transfer/Deed of Easement: (7) INTEREST/ESTATE TRANSFERRED Subject to the following terms and conditions, the free, uninterrupted and unobstructed right and easement to lay, construct, operate, maintain, inspect, alter, repair, replace, reconstruct and remove storm drainage works together with appurtenances thereto (herein called the "works"), in, over, along, across, upon and under the land described in Box 5 (herein called the "lands"), and to drain storm water in, over, along, across, upon and under the lands, together with the fight to the Transferee, its servants, agents and contractors with all necessary vehicles, supplies and equipment to enter onto the lands and pass and repass over the lands for the purpose of exercising or enjoying any of the rights granted herein. The terms and conditions which the parties hereto covenant and agree to observe and be bound by are as follows: i. The Transferee shall, except in case of emergency, before commencing any work authorized hereby, give to the Transferor forty-eight hours previous written notice thereof, and in cases of emergency such previous notice thereof as is reasonably possible. 2. Upon completion of any work, the Transferee shall fill in all excavations, restore fences, and res'lore the surface of the ground by restoring all topsoil and grass cover disturbed thereby, and do necessary grading to ensure soil and slope stability, and remove all equipment. 3. The Transferor shall not erect any building or structure (except a fence) on the lands, and shall not place or remove any fill on or from any pan of the lands without the previous written consent of the Transferee. 4. The right and easement granted herein shall be subject to all leases, licences, and any rights of use or occupation existing at the date hereof, and the Transferor may from time to time renew or extend these or make new ones, so long as they do not interfere unreasonably with the right and easement herein granted. 5. The Transferor hereby releases the Transferee from any claim which may arise out of the exercise by the Transferee of the right and easement granted hereby or which may arise out of the existence of the storm water or the existence, operation or non-operation of the storm drainage works provided the Transferee has complied with all of the lerms and conditions herein. 6. The Transferor shall execute such further assurances of the right and easement granted hereby as the Transferee may reasonably request in writing. 7. The burden of this Transfer and of all the terms and conditions contained herein shall run with the lands. g. This Transfer and all of the terms and conditions contained herein shall enure to the benefit of and be binding upon the Transferor and the Transferee and their respective heirs, executors, administrators, successors and assigns. LAND BENEFrIq'ED (DOMINANT TENEMENT) 9. The benefit of this Transfer and all of the terms and conditions contain'ed herein shall run with all other lands and interests in lands owned, occupied or used by the Transferee for the purpose of operating and maintaining storm drainage works. 2O REQUIRED FORM FOR PERFORMANCE AND MAINTENANCE SECURITY LETrER OF CREDIT (Section 21) To: The Corporation of the Town of Picketing Picketing Civic Centre One The Esplanade Picketing, Ontario LIV 6K7 We hereby authorize you to draw on [name of bank], [address of bank], for account of ]name of company or eompanies obtaining security] up to an aggregate amount of [amount of security in figures and in full] available by drafts at sight for 100% ofdcmand as follows: Pursuant to the request of our customers(s), thc said ]name of company or companies obtaining security], we ]name of bank], [address of bank], hereby establish and give to you an irrevocable Letter of Credit in your favour in the total amount of ]amount of security in number~ and in words] which may be drawn on by you at any lime and from time to time upon written demand for payment made upon us by you which demand we shall honour without enquiring whether you have a right as between yourself and our said customer(s or any of them) lo make such demand, and without recognizing any claim of our said customer(s or any of them). Provided, however, that you are to deliver to ]name of bank[, ]address of bankl, at such time as a written demand for payment is made upon us a certificate signed by you agreeing or confirming that monies drawn pursuant to this Letler of Credit are payable to you or are to be or have been expended pursuant to obligations incurred or to be incurred by you with reference to your file regarding a Subdivision Agreement dated [date of Agreement], between [name of siguatories to Agreement, other than Town and Encumbraneer(s)] and The Corporation of the Town of Picketing; this Letter of Credit is given as the Performance and Maintenance Security required by section 21 of that Agreement. Partial drawings axe permitted. The amount of this Letter of Credit shall be reduced flora time to time as advised by notice in '~xiting given Io us from time to time by you. This Letter of Credit will continue up to and including [date of expiry of Letter of Credit[ and will expire on that date and you may call for payment of the full amount outstanding under this Letter of Credit at any time up to the close of business on that date. It is a condition of this Letler of Credit that it shall be deemed to be automatically extended for one year from the present or any. future expiration date hereof, unless thirty days prior to any such date, we shall notify you in writing by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. We hereby covenant with drawers, endorsers, and bona fide holders of drafts drawn under and in accordance with the terms ofthls credit that such drafts will be duly honoured if drawn and negotiated on or before [date of expiry of Letter of Credit]. The drafts drawn under this credit are to be endorsed hereon and shall state on their face that they are drawn under ]name of bank], ]address of bank]. DATED this day of ,19 Instructions for completing Leller of Credit: I. Letler of Credit must be typed on bank lenerbead. 2. Information required in square brackets must be providcd vehere indicated, without brackets. 3. Phrases shown in round brackets must be included without brackets where there are two or more companies comprising Ihe customer. 4. The dale in the sixth paragraph musl be at least one year flora the dale of the Letter of Credit. 5. Thc date in thc seventh paragraph must be thc same as Se date in thc sixth paragraph. 6. Bank signatories must show name, printed or typed, and lille, in addition to signature 21 DEVELOPMENT CHARGES, ENGINEERING AND LEGAL FEES (Sections 32 and 33) i. DEVELOPMENT CHARGES PAYABLE (I) Until and including October 7, 1994, the development charge payable under the Town's Development Charges By-law 3854/91 for each dwelling unit within this project is $4,985.00 (2) From and after October 8, 1994, the development charges payable for dwelling units within this project will be as set out in subsection (1) as adjusted on October 8, 1994, and annually on every October 8 thereafter until they axe paid, in accordance with the Engineering News Record Cost Index (Toronto). (3) The development charges set out in subsection (1) have been derived as follows: administrative services - town offices $377 administrative services - capital growth studies 85 protection - fire facilities 93 protection - fire vehicles and equipment 154 storm drainage, roads, sidewalks, storm sewers, lighting and other services 964 transportation - works yards, vehicles and equipment 205 transpoaation - transit 52 parks - parkland acquisition 397 parks - parkland development 824 major recreational facilities - major indoor recreational facilities 865 library - library facilities 230 library - library materials 141 electrical distribution services and facilities 598 tolal $4,985 2. ENGINEERING DRAWING INSPECTION FEE PAYABLE The amount of the Engineering Drawing Inspection Fee payable for this projec! is $5,600. 3. SUBDIVISION AGREEMENT PROCESSING FEE PAYABLE The amount of the Subdivision Agreement Processing Fee payable for this Agreement is $2,140 [$2,000 plus $140 GST.] 22 SPECIFIC PROVISIONS RESPECTING DEVELOPMENT (Section 27) 1. EXPECTED NUMBER OF DWELLINGS (I) This Agreement has been entered into in the expectation that 160 single dwellings are to be constructed on the Lands, one each on Lots 1 to 160. (2) if more or less than 160 dwellings are to be constructed in this project, the Town at its sole discretion may require the Owner to obtain new approvals and authorizations nder this Agreement and may prohibit uny development until thenew approvals and authorizations are oblained. 2. RESERVED FUTURE DEVELOPMENT BLOCKS (I) Blocks 165, 166 and 167 and Lots 9, 62 and 113 shall be reserved for fi~ture residential development; such development shall not commence without the prior written approval of the Town which may be subject to conditions. (2) Until such time as Blocks 165, 166 und 167 and Lots 9, 62 and 113 are developed in accordunce herewith, the Owner shall maintain them in a cleun and orderly condition to the satisfaction of the Town. 3. RESERVATION OF CERTAIN LOTS AND BLOCKS FOR EMERGENCY ACCESS PURPOSES LOTS 9. 62 & 113: BLOCKS 166 &167 (1) Notwithstanding any other provision of this Agreement, except Schedule D.2, Lot 9 shall be reserved for emergency vehicular access from Rosslund Road to Conacher Crescent until a right- in-only emergency und school bus vehicular access from Brock Road Io that part of Lot 18, Concession 2, Picketing, designated as Part 5, Plan 40R-14512 has been established to the satisfaction of the Regional Municipality of Durham. (2) Prior to the issuunce of the building permit for the first of the dwelling units to be constructed on Conacher Crescent, the owner shall, (a) construct un emergency vehicular access, including un appropriate base and surface on Lot 9; Co) convey to the Town, at no cost to the Town, un emergency access easement over LOt 9; and (c) pay to the Town the sum of $1,000, to be utilized by the Town for the purpose of guarunteeing the maintenance of the emergency access and of abandoning the easement. (3) Nothwithstanding any other provision of this Agreement, except Schedule D.2, Lots 62 und and Blocks 166 and 167 shall be reserved for emergency vehicular access between Southcott Road and Canterbury Crescent until those streets are extended south-easterly onto abutting lands. (4) Prior to the issuance ora building permit for the first dwelling unit to be constructed on any of Abbott Crescent, Cunterbury Crescent and that part of Southcott Road south of Block 168, the Owner shall, 23 Co) convey to the Town, at no cost to the Town, an emergency access easement over Lois 62, 113 and Blocks 166 and 167; and (c) pay to the Town the sum of $5,000 to be utilized by the Town for the purpose of guaranteeing the maintenance of the emergency access and of abandoning the easement. (5) When the Town determines that either of the emergency accesses is no longer required, the Town shall return to the Owner the sum paid by the Owner to the Town with respect to that access, Jess any costs incurred by the Town in the maintenance or abandonment of that easement, and without interest. 4. SPECIAL LANDSCAPING TREATMENT - LOTS 1.8-12. 17-22 AND 27-31 (I) The Owner shall provide special landscaping treatment in the rear yards of Lots I, 8-12, 17-22 and 27-31, as shown on the Landscape Plan approved by the Town's Director of Public Works. (2) The Owner shall complete the special landscaping treatment on each lot prior to the occupancy of the dwelling unit located thereon or within the six months inunediately thereafter except, where the occupancy of the dwelling unit occurs in November or December of any year, the time limit may be exlended to June 30 in the following year. 5. COSTS OF ADJACENT SERVICES Prior to the registration of this Agreement, the Owner shall pay to the Town the sum of $22,500 in satisfaction of the Owner's obligation to contribute towards the future installation of upgraded stseet lighting and sidewalk along Brock Road adjacent to the plan. 24 SPECIAL PROVISIONS REQUIRED BY THE REGIONAL MUNICIPALITY OF DURHAM The sections set out in this Schedule represent provisions not affecting the Town but required to be inserted in this A~eement by the conditions of Draft. Approval, (herein called the "Approval"), of Draft Plan of Subdivision 18%87079 which Conditions are attached as Schedule 'B' to the Decision dated May 22, 1990 of the Ontario Municipal Board respecting its File S900009. I. MINISTRY OF NATURAL RESOURCES The Ministry of Natural Resources ("M.N.R") requires that, (a) the Owner carry out or cause to be carried out to the satisfaction of M.N.R. the recommendations resulting from the requirements of Condilion 11 of the Approval, and Co) the Owner maintain all stormwater management and erosion and sedimentation control structures, operating and in good repair, during the construction period, in a manner satisfactory to M.N.R. 2. TI'IE REGIONAL MUNICIPALITY OF DURHAM ("DURHAM REGION") Durham Region requires that the Owner implement the specific noise control measures recommended by the revised detailed noise control study required in condition 31 of the Approval and any additional measures recommended by Durham Region.